Their revenue estimate was raised from 250-270 million to 280-300 million, it is about 30 million increase for the WHOLE year of 2007; however,the price went up from around $11 to $26 based on the third quarter revenue increase and the Good Energies acquired addition stakes to 34%. People, ask you sell if this really make sense mathematically(probability) and financially. How could 30 million increase in revenue to cause around more than 100% up in stock price. Secondly, the price is the most suspicious part, how mucy did Good Energies pay for their additional stakes. Why did the CEO want to sell his 50% shares at a great discount price around $15. I truelly believe the price woudl be adjusted soon.
Reading comprehension. The purchase agreement closes in the first quarter of 2008. And where did you get $15 per share where the CEO sold the stock. The deal was announced today, not last week. Secondly, after the sale (won't know what price the CEO sold shares since the deal won't be completed until the first quarter of 2008, they don't need to file until the shares are sold), he still owns 16.1% of the shares. Have you ever heard about diversification of your portfolio? That's why every CEO sells shares, to diversify his portfolio. Also, since Good Energy already owns 6.3% of the shares and is aquiring another 16.1% from the CEO, they still need to purchase an additional 12.4% of the shares outstanding.
The facts are that full year 08 dec are at least 4 bux a share in earnings !!! Now if you cant see why this is stael at this price with a forward pe ratio of 5.5 then you dont deserve to own a frikn share !!EOM
rational, I have found out who is selling the other 12% so we can put this all behind us. If you're intersted, set up an e-mail address(in case you don't want to make yours public) and post it so I can send you the info.
you are right but I repeat the CEO is not the only large holder so they can get their 12% without buying on the market.
Rereading the GE pr, I like the fact their investment officer has been on Solarfun's board for 15 months so I guess by now he knows why they should take such a big stake, furthermore he will be joined by a co-worker and one more person if the deal is accepted.
The retail idiots will buy this in a clueless and gambling manner...... It will top soon enough.....I've read more pathetic and wrong things this evening....... Most of the bag holders are currently in.......
This stock price is costed by the huge volume of demands, but fundamentally, I agree their revenue increase wouldn't be able to increase the stock price that much. I should see the price news of Good Energies pay for their stakes soon. I wouldn't stay long in this case. I took my profit today, and I dont' want to loss whatever I made. I mean, it is the real worlds, stocks dont' go up everyday, especially it is up more than 100% of the average stock price. This just doesn't make sense.